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seems like northern ireland's come through that dark period. one the reasons is i think some of the sports men like yourself have been really excelling. do you feel the weight of the expectation of the irish on your shoulders? >> a little bit. but i don't mind that. i don't mind carrying that around with me. because if what i do on the golf course provides hope for the people of northern ireland, then i can't really do a much better job than that. >> are you irish or british? can you be both? >> it's hard. i'm northern irish. i carry a united kingdom and -- a british passport. it's a hard one -- it's hard one to sort of answer because i've got my choice. i can play for ireland, i can play for great britain. it's a tough one. i mean -- it's always going to be -- i'm always going to have to answer that and deal with that question because of where i grew up and it's -- i regard myself as northern irish that's all i can really say. >> that's probably the diplomatic answer as well. >> yeah. have to be. >> did you have a tough upbringing, would you s
seems like northern ireland's come through that dark period. one the reasons is i think some of the sports men like yourself have been really excelling. do you feel the weight of the expectation of the irish on your shoulders? >> a little bit. but i don't mind that. i don't mind carrying that around with me. because if what i do on the golf course provides hope for the people of northern ireland, then i can't really do a much better job than that. >> are you irish or british? can...
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i can play for ireland, i can play for great britain. it's a tough one. i mean it's -- and it's always going -- i'm always going to have to answer that and deal with that question because of where i grew up. you know, i regard myself as northern irish and that's all i can really say. >> that's probably the diplomatic answer, isn't it? >> yeah, it would have to be. >> did you have a tough upbringing, would you say? did you have much money as a family? >> no. no, not at all. my mom and dad worked very hard to give me the best chance not just in golf but in life. you know, i was an only child, you know, my dad worked three jobs at one stage. my mom worked night shifts in a factory. >> what did they do? >> my dad was a bar manager and worked in separate places, you know, in the daytime and then in the night. and my mom worked in a factory that produced tape and sort of industrial goods and she worked night shift in there. so they worked very hard. and i -- being so young, you're sort of oblivious to it all, and it's only when you become a little older and a l
i can play for ireland, i can play for great britain. it's a tough one. i mean it's -- and it's always going -- i'm always going to have to answer that and deal with that question because of where i grew up. you know, i regard myself as northern irish and that's all i can really say. >> that's probably the diplomatic answer, isn't it? >> yeah, it would have to be. >> did you have a tough upbringing, would you say? did you have much money as a family? >> no. no, not at...
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the bank of ireland and the allied irish bank. we remember what happened to those. both collapsed and needed bailouts. it left the people questioning the viability of tests. so what is the solution? stricter standards this time around. they're looking at reserve benchmark p 5% core capital, the ability of banks to happen contraction in the euro zone in 2011, a 15% slide in euro stock markets and the ability to handle potential trading losses on sovereign debt. not all are taking part. only 90 results are to be released and the german bank withdrew on thursday to avoid public fame you're. they refused permission for the publication of results and the withdrawal has to some extent challenge validity of these tests. so what are the implications if a bank fails? they must show plans to plug the shortfall by the end of the year. they can request tax payer money only if needed. and if it only just passes, it's forced to improve its capital offers. back to you. >> of course where i am in italy, a number of the italian banks hold no less than 3.36%. allegations that news co
the bank of ireland and the allied irish bank. we remember what happened to those. both collapsed and needed bailouts. it left the people questioning the viability of tests. so what is the solution? stricter standards this time around. they're looking at reserve benchmark p 5% core capital, the ability of banks to happen contraction in the euro zone in 2011, a 15% slide in euro stock markets and the ability to handle potential trading losses on sovereign debt. not all are taking part. only 90...
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no, not that hollywood, hollywood in northern ireland. 22-year-old golfer rory mcilroy is the biggest thing in sports since a guy named tiger. a small town boy made good. now, can he help me with my game >> i'll do what i can, but i can't work miracles. >> u.s. open champion rory mcilroy in his first sitdown since that stunning victory. >> for me, i won a golf tournament and that was really the end of it. but, you know, it's a bigger story than that. >> and then one of the greatest tennis players in the history of the sport, billie jean king. how she felt when she beat bobby rigs in that battle. sexes. >> i still wake up in a cold sweat thinking i have to play that match. oh, thank you, god. thank you for letting me win. >> the challenges she faced coming out. >> i didn't get comfortable in my own skin until i was probably 51. >> and my surprising connection with her. i was a ball boy at wimbledon. >> no way. >> this is "piers morgan tonight." >>> we were talking about rory mcilroy's record-smashing victory at this year's u.s. open. he was 16 under par, the lowest score in tournament
no, not that hollywood, hollywood in northern ireland. 22-year-old golfer rory mcilroy is the biggest thing in sports since a guy named tiger. a small town boy made good. now, can he help me with my game >> i'll do what i can, but i can't work miracles. >> u.s. open champion rory mcilroy in his first sitdown since that stunning victory. >> for me, i won a golf tournament and that was really the end of it. but, you know, it's a bigger story than that. >> and then one of...
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ireland and portugal will go above 100% of gdp. that's what the credit rating agencies are saying now. if you still have the debt load, i don't think you can refund greece and think that the problem is over. >> well, europe's debt continues. john defterios, thanks as always. and if congress and the white house can't agree to raise the country's own debt ceiling by august 2nd, as we've told you many times on "world business today" throughout the past couple of months, america could soon default on its own debts. the short time frame may encourage congress to pass relatively small increase that would cover only a few months, but the u.s. president, barack obama, has invited congressional leaders to meet at the white house on thursday to try to avoid precisely that s lly that >> i've heard report there is may be some in congress who want to do just enough to make sure america avoids defaulting on our debt in the short term, but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. i don't
ireland and portugal will go above 100% of gdp. that's what the credit rating agencies are saying now. if you still have the debt load, i don't think you can refund greece and think that the problem is over. >> well, europe's debt continues. john defterios, thanks as always. and if congress and the white house can't agree to raise the country's own debt ceiling by august 2nd, as we've told you many times on "world business today" throughout the past couple of months, america...
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please understand, greece, portugal, ireland, have no such economic answer to their problems. europe is choosing between only terrible and dangerous options in resolving the greek dilemma, massive unending bailouts or a default that could turn into a lehman brother-type event. america's economic problems might have a simple solution. but our political system seems utterly unable to get to us this solution. one party refuses to even think about tax increases. the other will not take seriously the problem of entitlement reform. the result, paralysis. and if we do end up losing the trust of markets and it can happen, it will not be because they lost faith in america, in our economy and society but because they despaired at the country's selfish and self-defeating politicians. on july fourth weekend, that's a pretty depressing thought. for more on this you can read my column in this week's "time" magazine or at time.com. let's get started. >>> thank you for doing this. >> thank you. good to see you, fareed. >> tom, when you look at administration strategy in libya, there seems to
please understand, greece, portugal, ireland, have no such economic answer to their problems. europe is choosing between only terrible and dangerous options in resolving the greek dilemma, massive unending bailouts or a default that could turn into a lehman brother-type event. america's economic problems might have a simple solution. but our political system seems utterly unable to get to us this solution. one party refuses to even think about tax increases. the other will not take seriously...
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. >> young golf phenomenon rory mcilroy a hero in ireland not because of his taste in beer. what he told piers morgan. it's 35 minutes after the hour. losing your chex mix too easily? time to deploy the chex mix boring potato chip decoy bag. now no one will want to steal the deliciousness. with a variety of tastes and textures, only chex mix is a bag of interesting. but sometimes i wonder... what's left behind? [ female announcer ] new purifying facial cleanser from neutrogena naturals. removes 99% of dirt and toxins without dyes, parabens, or harsh sulfates. so skin feels pure and healthy. [ female announcer ] new from neutrogena naturals. >>> here's a shot of atlanta. hazy out there this morning. are you going anywhere this weekend? >> i'm not. >> 75 degrees. >> going to be 92. >> atlanta before 8:00 in the morning is always a beautiful thing. >> and then the humidity kicks in. >> it's 92 like you said. lot of people love it by the way. i love the city. >> it's a wet heat. >> even in new york i don't like it when it gets hot and mug. >> very low humidity. >> hope you like
. >> young golf phenomenon rory mcilroy a hero in ireland not because of his taste in beer. what he told piers morgan. it's 35 minutes after the hour. losing your chex mix too easily? time to deploy the chex mix boring potato chip decoy bag. now no one will want to steal the deliciousness. with a variety of tastes and textures, only chex mix is a bag of interesting. but sometimes i wonder... what's left behind? [ female announcer ] new purifying facial cleanser from neutrogena naturals....
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worried because italy is very different from greece, ireland and portugal. italy is large. italy is the third biggest issuer of debt. this marks a significant morphing of the european debt crisis. >> one positive we should mention is italy's bond auction on tuesday was rather successful. it had to sell the bonds at a 6% yield, but it did manage to do so. so investors seeing that as a note of positivity on the markets. last night italy's own prime minsters, silvio berlusconi urged politicians to show unity to pass painful but extremely belt ties ening measures. he said eurozone ministers and also heads of nations across the individual countries in the eurozone are doing all they can to try to prevent this economic blok from returning where it was 20 years ago. i'm joined by a professor of economics here in rome. thank you very much for coming on cnn. how worried are you about the situation in italy? is this going to be a country that will default. >> hopefully, the probability is very, very small. on the other hand it's also negligible. leaves a lot of attention and pressure
worried because italy is very different from greece, ireland and portugal. italy is large. italy is the third biggest issuer of debt. this marks a significant morphing of the european debt crisis. >> one positive we should mention is italy's bond auction on tuesday was rather successful. it had to sell the bonds at a 6% yield, but it did manage to do so. so investors seeing that as a note of positivity on the markets. last night italy's own prime minsters, silvio berlusconi urged...
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people talk about portugal and ireland. italy, their economy has been in trouble for a while. the government is actually retracting. one of the things they're concerned about is there are structural problems within the chi which means it might not be able to meet its debt burden. if greece defaults, it makes it much more pressing. italy is the third biggest economy in the euro-zone. if that were to be effective, that's a whole new nightmare scenario. >> one shudders at that idea, but in interprets of just the choreography, what's happening, who's meeting who, when, where. >> they're meeting in brussels. the imf also talks about their latest report. the chi should start to grow by 2012 which could ease some of the praeshs but as i said before european leaders have no other option but to consider defall as the way forward. >> i'll hold my breath on that one. thank you very much. emily reuben joining me live. pauline. >> well, charles, while the euro-zone is trying to find a solution to its debt problems, the u.s. is working to avoid its own budget crisis. on monday talks resume
people talk about portugal and ireland. italy, their economy has been in trouble for a while. the government is actually retracting. one of the things they're concerned about is there are structural problems within the chi which means it might not be able to meet its debt burden. if greece defaults, it makes it much more pressing. italy is the third biggest economy in the euro-zone. if that were to be effective, that's a whole new nightmare scenario. >> one shudders at that idea, but in...
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gave a lot of money to ireland. her voice is strong. but she has a different roll. it will be fascinating to see how much involvement she'll have today. >> it will be fascinating to see whether she can draw consensus. that's also the reason she was picked for that top job. j jim boulden. thanks for joining us. >>> looking to sort it out. the u.s. has its own problems. the debt talks are conditioning. and the white house said on wednesday, it is open to a possible short-term increase in u.s. debt ceiling to allow for a few more days of negotiation over a broader plan. the president is pushing for a grand bargain but would agree to a smaller increase, as long as negotiations show promise. this comes a day after a bipartisan group of senators, the so-called gang of six, introduced their own plan. but a major impasse remains in the house of representatives, where republicans are simply unwilling to compromise. >> outsiders look at this process and say this is typical washington mess. it always works out in the end. when you talk to old hands in washington who have been
gave a lot of money to ireland. her voice is strong. but she has a different roll. it will be fascinating to see how much involvement she'll have today. >> it will be fascinating to see whether she can draw consensus. that's also the reason she was picked for that top job. j jim boulden. thanks for joining us. >>> looking to sort it out. the u.s. has its own problems. the debt talks are conditioning. and the white house said on wednesday, it is open to a possible short-term...
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greece is one but you also have ireland and portugal. so i was very, very pleased to see that the extended maturity, reduced interest rates would apply not only to greece but also to ireland and portugal. and that's really a move in the right direction because it makes the -- it lients the burden, so to speak, and it will make, you know the task of reimbursing, reforming, organizing the fiscal consolidation easier for all three countries. >> in the past you've been in these meetings as the finance minister of france. you're now the head of the imf. anything different? were you there as a consensus builder today? >> all i can tell you is that the president has present eed a standing invitation for me to attend so he was probably happy with me. >> is it different from where you're coming from? you have a very different role to play. >> yes, it was different actually. it was different in the sense that we have partnered with the european members, we, the imf. and we will continue to do so. on our terms and conditions. with board approval. y
greece is one but you also have ireland and portugal. so i was very, very pleased to see that the extended maturity, reduced interest rates would apply not only to greece but also to ireland and portugal. and that's really a move in the right direction because it makes the -- it lients the burden, so to speak, and it will make, you know the task of reimbursing, reforming, organizing the fiscal consolidation easier for all three countries. >> in the past you've been in these meetings as...
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moody's also kept its outlook on ireland's sovereign debt negative. that drew harsh response from the finance minister causing many investors to rethink
moody's also kept its outlook on ireland's sovereign debt negative. that drew harsh response from the finance minister causing many investors to rethink
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look at ireland. ireland their debt just got downgraded to junk. it wasn't because they refused to raise their debt limit, it's because they can't afford to pay back their lenders. >> that was a passionate case for deficit reduction, senator. so why, as some would ask or maybe this is a better way to put it -- do republicans have a problem saying yes to that grander deal the president was willing to put on the table which would get you $4 trillion in deficit reduction over the next ten years for, yes, some revenue increases? >> i've never seen that deal. i don't know if you have. i don't think the president has ever released anything other than what he's said at press conferences. i've never seen paper on their deal, i've always believed in a grander deal. i want to us do a lot of things. i outlined that three months ago when i said we need to do tax reform and save medicare and social security and regulatory reform, we need a spending cap, a balanced budget amendment. i wanted us to do this months ago. i continue to say this is a great opportunity
look at ireland. ireland their debt just got downgraded to junk. it wasn't because they refused to raise their debt limit, it's because they can't afford to pay back their lenders. >> that was a passionate case for deficit reduction, senator. so why, as some would ask or maybe this is a better way to put it -- do republicans have a problem saying yes to that grander deal the president was willing to put on the table which would get you $4 trillion in deficit reduction over the next ten...
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it wasn't ireland, by any chance? >> out of belfast. >> that is kind of crazy. why you don't believe everything you hear on the news. i'm just not going to believe that one. polar bears are from the north pole. >> you also don't believe brutus is 80. >> i'm a doubter today. netflix is raising prices by as much as 60% by some services. i'll run that down for you when we come come back. >> two weeks since a budget gridlock forced 9 minnesota state government to shut down. is this what the entire country is headed for days before a financial deadline of its own? states in crisis going without paychecks coming up. what it's like there coming up. 18 minutes past the hour. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. purina cat chow helps you well-being. we're
it wasn't ireland, by any chance? >> out of belfast. >> that is kind of crazy. why you don't believe everything you hear on the news. i'm just not going to believe that one. polar bears are from the north pole. >> you also don't believe brutus is 80. >> i'm a doubter today. netflix is raising prices by as much as 60% by some services. i'll run that down for you when we come come back. >> two weeks since a budget gridlock forced 9 minnesota state government to shut...
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while it can cope with portugal and ireland t simply can't cope with spain or italy. >> emily ruben, thanks. >>> just ahead, new reports former prime minister gordon brown was a victim of phone hacking himself and a look at how the scandal is affecting rupert murdoch's ability to take control of bskyb. >>> from cnn hong kong in london this is "world business today." welcome back. >> the phone hacking scandal that put "news of the world" out of print never runs out of ink. they are discussing with mill y dowler's family. the latest is talking with gordon brown. "the sun" improperly obtained private information about his seriously ill's son medical records. "the sunday times" is accused of tricking his accountants into handing over financial information. those accusations will only add fuel to the political firestorm that has charred news corp's reputation but haven't dissuaded him to take over the satellite tv company british sky broadcasting. news corp decided to let regulators rather than lawmakers have the final say on the taker. >> reporter: rupert murdoch has upped the stakes to
while it can cope with portugal and ireland t simply can't cope with spain or italy. >> emily ruben, thanks. >>> just ahead, new reports former prime minister gordon brown was a victim of phone hacking himself and a look at how the scandal is affecting rupert murdoch's ability to take control of bskyb. >>> from cnn hong kong in london this is "world business today." welcome back. >> the phone hacking scandal that put "news of the world" out of...
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you know they are used to this type of nice weather, the cold and the arctic temperatures in ireland! >> you're not going to say that, are you? don't do this again! >> they all descended from one polar bear in ireland. >> first of all, no way that all polar beared descended from one polar bear, right, rob? >> it takes two to tango but maybe in ireland guinness book record they could do that. >> thank you for making that a two-day conversation. >>> teen sexting in rhode island makes it a minor for them to send a photograph of themselves and even tougher punishment if you send it on to somebody else. >>> a man is wearing a spaghetti strainer on his head for a driver's license photo for, quote, religious purposes. he is an atheist and claims he belongs to the flying spaghetti monsters. according to the church website, they have one, yes, calling themselves pasta farians and only rejection is dogma of dogma. >> it doesn't look as bad as i thought it would. i expected to have like -- >> he got a sleek one. not a clunky pasta strainer. >> i would have gotten a bigger one because they are ch
you know they are used to this type of nice weather, the cold and the arctic temperatures in ireland! >> you're not going to say that, are you? don't do this again! >> they all descended from one polar bear in ireland. >> first of all, no way that all polar beared descended from one polar bear, right, rob? >> it takes two to tango but maybe in ireland guinness book record they could do that. >> thank you for making that a two-day conversation. >>> teen...
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fuentes, leading the fbi east international effort said they followed up sightings in ireland, london and south america. >> there were thousands of police officers involved in the around the clock operation. any time there was a sighting of him worldwide, everybody went full bore to follow up on leads to find him. he became the elvis of gangsters. he was constantly being spotted. >> have you seen this woman? >> reporter: the break in the case came in june after the fbi paid for a public service announcement aimed at finding bulger's girlfriend. it never even aired in los angeles. but a news story led to a crucial tip and an arrest three days later. bulger, lured into the garage on a ruse that someone had broken into his locker. these are some of the 30 weapons fbi agents confiscated from bulger's apartment. >> van number one, van number two. >> reporter: after more than 5,000 days on the run, bulger was brought back to boston in handcuffs, charged with 19 murders. in court he denied them all. the damage he caused to the fbi still haunts the bureau to this day. in hindsight do you thin
fuentes, leading the fbi east international effort said they followed up sightings in ireland, london and south america. >> there were thousands of police officers involved in the around the clock operation. any time there was a sighting of him worldwide, everybody went full bore to follow up on leads to find him. he became the elvis of gangsters. he was constantly being spotted. >> have you seen this woman? >> reporter: the break in the case came in june after the fbi paid...
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people in italy, perhaps, saying that perhaps italy may not need a bailout for instance like portugal, ireland and greece but we have this country going to the bond markets today, the yields that they'll have to sell the debt on will be pivotal to dictating investor confidence over the next two days and also whether they'll manage to get this bill through parliament, pauline. >> nina, we still see some of the concern lingering in the asia-pacific region in the markets here on thursday. let's take a look at how the numbers ended up the session. the nikkei down by 0.25%, exporters struggling with the strong yen. the hang seng and the shanghai composite ended up, the hang seng flat but the composite up by more than 0.5% and the main share market in sydney down by more than 0.5%. a lot of this over concern about a possible downgrade of u.s. debt. that came out from moody's yesterday. so there was concern about that weighing on the markets today. now, the new zealand dollar is in record territory meanwhile. it jumped above the 85 u.s. cent mark on thursday, its highest level since the currency was
people in italy, perhaps, saying that perhaps italy may not need a bailout for instance like portugal, ireland and greece but we have this country going to the bond markets today, the yields that they'll have to sell the debt on will be pivotal to dictating investor confidence over the next two days and also whether they'll manage to get this bill through parliament, pauline. >> nina, we still see some of the concern lingering in the asia-pacific region in the markets here on thursday....
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ireland, greece, they are watching what we are doing. their relationship to the imf, to our treasury to our paper. businesses all over the world. this is vital for us. i am confident that we will come together. we will come up with a way to work this process over the next months. force the congress to deal with what is a national crisicrisis. we have to reduce the debt. we have to reduce the deficit. everything has to be on the table. have to see the house put everything on the table. the simpson boles commission did it. >> appreciate your time. when we come back, we are wait fog see the debate begin on the senate major. and we have the senator from south dakota when we continue in a moment. it all happened so fast. it was clearly too late for me to do anything as my mercedes collision system automatically kicked in. the next thing i know, the mercedes stopped itself. ♪ watching what mercedes has done in bringing together these sensors in a car with software that has the ability to save your life. that's magical software. [ male announ
ireland, greece, they are watching what we are doing. their relationship to the imf, to our treasury to our paper. businesses all over the world. this is vital for us. i am confident that we will come together. we will come up with a way to work this process over the next months. force the congress to deal with what is a national crisicrisis. we have to reduce the debt. we have to reduce the deficit. everything has to be on the table. have to see the house put everything on the table. the...
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they stuffed greece in the closet and they still have to deal with ireland and portugal and italy and spain. they did a lot recently. this meeting on thursday, they did a lot. but they had to do a lot. the markets were going crazy. i think they bought themselves some time. so it's just their motive. do just enough to make it to the next meeting. >> last question. yes or no from each of you. deal by the end of the week? >> no. >> deal by the end of the week? >> no. >> this is so bleak. and then another deal after that. thanks for being here. >>> the tea party voice is heard loud and clear in the republican party. but will it end up hurting the gop in 2012? we'll take that up in just a moment. announcer: when life's this hard, it's no wonder 7,000 students drop out every school day. visit boostup.org and help kids in your community stay in school. [♪...] >> male announcer: now, for a limited time, your companion flies free, plus save up to 65%. call 1-800-sandals. conditions apply. >>> as hard as it may be to believe sometimes, history teaches us that democrats and republicans actuall
they stuffed greece in the closet and they still have to deal with ireland and portugal and italy and spain. they did a lot recently. this meeting on thursday, they did a lot. but they had to do a lot. the markets were going crazy. i think they bought themselves some time. so it's just their motive. do just enough to make it to the next meeting. >> last question. yes or no from each of you. deal by the end of the week? >> no. >> deal by the end of the week? >> no....
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they've stuck greece in the closet and they still have to deal with ireland and portugal and italy and spain. they did a lot recently, this meeting on thursday. they did a lot. but they had to do a lot. the markets were going crazy. and i think they bought themselves some time. so it's just their modus operandi. just enough to make it to the next meeting. >> a deal by the end of the week, yes or no? >> no. >> no. >> no. >> this is so bleak. i thought we might have one yes. >> i can't wait to be surprised. >> we'll see. thanks for being here, ben, ken, jeanne. >>> the tea party voice is heard loud and clear in the republican party. but will it end up hurting the gop in 2012? we'll take that up in just a moment. it's actually a connecting rod coming out to the side of the block this is a big piece of the engine block that was blown off. it's not because they ran it out of oil. they didn't change the oil. as your engine produces different particulants, you want to pick that up and take it down to the oil pan to the oil filter. so the moral of the story is, if you don't want to see your en
they've stuck greece in the closet and they still have to deal with ireland and portugal and italy and spain. they did a lot recently, this meeting on thursday. they did a lot. but they had to do a lot. the markets were going crazy. and i think they bought themselves some time. so it's just their modus operandi. just enough to make it to the next meeting. >> a deal by the end of the week, yes or no? >> no. >> no. >> no. >> this is so bleak. i thought we might have...
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Jul 9, 2011
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it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what happened two years ago. we don't want to see that happen again. >> diane, it's interesting, the president talking about the debt ceiling recently. not to get into the debt ceiling. i want to stay with greece for a minute. he said, we can't afford to have unpredictable things going on in the global economy right now. that's what this is about. we don't need anything unpredictable. >> we have frankly far too much unpredictable. we have a lot of uncertainty in the global economy. anything we can do to reduce that uncertainty at this stage of the game will help. we're two years into recovery -- i just got back from a broad meeting with economists all over the world and the uncertainty is high
it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what happened two years ago. we don't want to see that happen again. >> diane, it's interesting, the president talking about...
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Jul 11, 2011
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newscorp is trying to acquire a paid tv broadcaster serving britain and ireland. some say getting rid of "news of the world" will help. it owns 39% of the company but wants to snap up the remainder. the company'sed by faced opposition from the rivals and media industry and some politicians who object it on grounds that it would own too much of the british media if the deal went through. well, that opposition has increased as the phone hacking scandal escalates. critics claims it chose news corp. and its management not proper to own the broadcaster. so where does this all leave news international, the company that runs newscorp's newspaper assets. they're cooperating with the inquiry, cause to be made for rebecca brooks, editor of "news of the world" resigned from her current job as chief executive from news international. deeply worrying questions have emerged from this scandal, the phone hacking allegations are truly appalling. if you ever needed a story that intertwined politics, global business, its pressures, morality, and media ethics, you've got one right he
newscorp is trying to acquire a paid tv broadcaster serving britain and ireland. some say getting rid of "news of the world" will help. it owns 39% of the company but wants to snap up the remainder. the company'sed by faced opposition from the rivals and media industry and some politicians who object it on grounds that it would own too much of the british media if the deal went through. well, that opposition has increased as the phone hacking scandal escalates. critics claims it chose...
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Jul 18, 2011
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how about northern ireland, you have rory mcilroy and graham mcdowell and now clarke. >>> how about pro-am golf. joe sakic the former hockey star. par 3, and the former nhl star, the hole in one. he won two stanley cups, an mvp with the colorado avalanche. that's worth $1 million. he split it 50/50 with lance armstrong's live strong foundation. there's charles barkley at lake tahoe. it's an ugly golf swing. one hand. it might work better, and it did. he was still wide right, but he's usually not even that good. i mean, he's just -- he's just the worst. i mean, he's a great basketball player fun to watch on tv, he's a bad, bad golfer. >> forget the golf. >> credit to him, though. he keeps showing up. he doesn't hide. >> thanks, jeff. >>> they're all packed and ready to return to earth, but first "atlant "atlantis" had to say good-bye to friends at the international space station. this one will definitely stand out. john zarrella joins us to talk about the final good buy. >> a sad day. you're right. this was it, the last time that a space shuttle would visiting the international space statio
how about northern ireland, you have rory mcilroy and graham mcdowell and now clarke. >>> how about pro-am golf. joe sakic the former hockey star. par 3, and the former nhl star, the hole in one. he won two stanley cups, an mvp with the colorado avalanche. that's worth $1 million. he split it 50/50 with lance armstrong's live strong foundation. there's charles barkley at lake tahoe. it's an ugly golf swing. one hand. it might work better, and it did. he was still wide right, but he's...
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Jul 25, 2011
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countries like greece and portugal and ireland they owe more money than they pay. they can't issue bonds like the u.s. can to raise more money. so the euro's collapse could trigger another lehman brothers style global credit freeze. that, richard, threatens the solvency of the entire global financial system. as german chancellor says if it fails europe fails. that's a tough one, richard. >> interesting philosophy, ali, with which i do not agree, as you might expect. this is what we're really talking about. which is mightier and can cause more trouble. the little euro or the great dollar. in my own view, probably because the dollar remains the world's reserve currency. the dollar is still the currency upon which so much depends elsewhere, whether it's in oil trading, commodities, or gold. the dollar still is the backbone of the credit market. so anything that happens to the dollar has to be of crucial importance. to be sure the euro is a weakling. but here we have two great institutions, the united states now and the eurozone. they are the largest in the world, one
countries like greece and portugal and ireland they owe more money than they pay. they can't issue bonds like the u.s. can to raise more money. so the euro's collapse could trigger another lehman brothers style global credit freeze. that, richard, threatens the solvency of the entire global financial system. as german chancellor says if it fails europe fails. that's a tough one, richard. >> interesting philosophy, ali, with which i do not agree, as you might expect. this is what we're...
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Jul 12, 2011
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we talk about pigs, portugal, ireland, greece and spain, but italy is the third largest economy in europe and their percentage of debt to gdp or however that goes is pretty troubling. >> they just need somebody to start moving out of this thing and we're not seeing that. we're seeing more countries getting into it and that affects us here. >>> one key player in all of this discussion, world markets and, of course, our debt and deficit talks here at home, timothy geithner, the treasury secretary. the treasury pulled off a few financial tricks i guess you could say to keep us from hitting the debt limit back in may. geithner is expected to speak today in a little over two hours from now. we'll see if he has anything to say about the ongoing crisis this morning. >> the partisan sdifds is getting only deeper with each talks. the president and hill leaders have agreed to meet today, with only 22 days until the nation is unable to make its payments because of the debt ceiling. the president says it's more like eight days really because the way things move in washington they need the time to put
we talk about pigs, portugal, ireland, greece and spain, but italy is the third largest economy in europe and their percentage of debt to gdp or however that goes is pretty troubling. >> they just need somebody to start moving out of this thing and we're not seeing that. we're seeing more countries getting into it and that affects us here. >>> one key player in all of this discussion, world markets and, of course, our debt and deficit talks here at home, timothy geithner, the...
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Jul 11, 2011
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we give 7 billion pounds to the bailout in ireland. we give 100 billion, this is the british taxpayer, 100 million a year for their -- the quality of the banks in this country for insurance purposes and other purposes, why does the prime minister does not get on his back and go down to the friends of the city? instead -- >> we got the gist. the prime minister. >> first of all, mr. speaker, it is this government who has put a nk levee on the banks so they are paying more in every year than they paid in the bank bonus tax under the last government. in terms of greece, i kept us out of a european bailout of greece. in terms of ireland, i would say that economy is so close and integrated with ours it is right we give them support. that, i think, is the right approach but this government is being tough in making sure the banks pay their fair share. >> severe droughts, conflict in food prices have combined viciously in the horn of africa. creating desperate hunger and threatening the lives of millions. with eight agencies short of funds, wha
we give 7 billion pounds to the bailout in ireland. we give 100 billion, this is the british taxpayer, 100 million a year for their -- the quality of the banks in this country for insurance purposes and other purposes, why does the prime minister does not get on his back and go down to the friends of the city? instead -- >> we got the gist. the prime minister. >> first of all, mr. speaker, it is this government who has put a nk levee on the banks so they are paying more in every...
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ireland and the united states, important for the health of the province. the chancellor has spoken to people in northern ireland and we are reviewing these options. >> our colleague is currently walking from olympia, greece, to raise awareness of the olympic soldiers. will the prime minister make certain that when the resolution is tabled for the observance of the truth to the general assembly, that we will have specific proposals for peace and reconciliation to maximize this? >> i am certain the house will want to congratulate him. we will be promoting -- accidental, my apologies for that. we call for the continued observance of this truce, and we are considering other initiatives to promote this truce. >> mr. speaker, which be horrified to know that a person convicted of raping a child could be put on the list -- it >> well we have done is removed a huge number of people who are not arrested children but we want to make certain that anyone who has criminal convictions is barred. does the prime minister believe that the drug policy has been failing for de
ireland and the united states, important for the health of the province. the chancellor has spoken to people in northern ireland and we are reviewing these options. >> our colleague is currently walking from olympia, greece, to raise awareness of the olympic soldiers. will the prime minister make certain that when the resolution is tabled for the observance of the truth to the general assembly, that we will have specific proposals for peace and reconciliation to maximize this? >> i...
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Jul 25, 2011
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but in northern ireland to the people were electing more members. results of vary between surprising and stunning. in northern ireland it was a night of triumph. the most notable result came from scotland. starting be inevitable referendum that would one day soon bring independence. huge, global events had happened. wanted man wast shot dead by american special forces. osama bin laden had been living in a protected mansion house one hour from islamabad. helicopters landed a group of u.s. navy seals. the al qaeda leader was killed. his body was buried at sea. the world wondered after the retaliation. >> today in particular we should remember the brave servicemen and women who have given their lives in the fight against terrorism around the world. osama bin laden was the manner responsible for 9/11, the terrific killing of americans that remains to this day the largest loss of british life in any terrorist attack. the head of a family group put it as this -- we were raised obviously never to hope for someone's death, but we are willing to make an exce
but in northern ireland to the people were electing more members. results of vary between surprising and stunning. in northern ireland it was a night of triumph. the most notable result came from scotland. starting be inevitable referendum that would one day soon bring independence. huge, global events had happened. wanted man wast shot dead by american special forces. osama bin laden had been living in a protected mansion house one hour from islamabad. helicopters landed a group of u.s. navy...
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Jul 31, 2011
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ireland's -- ireland -- iowans like to meet the candidates and get their vision for where they want to lead the nation, but i do not think you should just assume whoever does well in the straw poll necessarily will win the iowa caucus or the nomination. >> could the opposite be true? >> it is whoever exceeds expectations. if you have somebody not expected to do well that does well, that could give them some real momentum, and you have several months between the straw poll and win the caucuses are held. >> governor, you know that state better than almost anyone else in the country -- >> i 112 elections in iowa -- i iowa -- i won 12 elections. >> who would you say has a better organization in iowa? governor pawlenty or bachmann? >> bachmann did well in the polls. her announcement went over well. and she is a native iowan. but i think pawlenty may surprise some people. he has a lot of key people involved in this campaign. he is aggressively campaigning throughout the state. it is interesting. you have two minnesota is competing, but they are not the only ones. you need to look at herman c
ireland's -- ireland -- iowans like to meet the candidates and get their vision for where they want to lead the nation, but i do not think you should just assume whoever does well in the straw poll necessarily will win the iowa caucus or the nomination. >> could the opposite be true? >> it is whoever exceeds expectations. if you have somebody not expected to do well that does well, that could give them some real momentum, and you have several months between the straw poll and win...
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my right honorable friend has spoken to people in northern ireland about it. we are reviewing the options and will make it possible to. >> thank you, mr. speaker. my right honorable friend will be aware that our colleague is currently walking from olympia in greece to london, journey of some 4000 miles to raise awareness of the olympic truth. with the prime minister ensure that when the united kingdom government tables its resolution for observance of the olympic truce the united nations general assembly based on this year that will add to a specific proposals for peace and reconciliation so we will maximize this historic opportunity to? >> i'm sure the whole house will want to congratulate lord bates for his great feat. we will be promoting -- sorry. [laughter] >> accidental apologies for the. we will be promoting a resolution to the united nations calling for the continued of service of the olympic truth for the 2012 games. we wish to make the most of this historic opportunity and we are considering other international initiatives to promote the spirit of th
my right honorable friend has spoken to people in northern ireland about it. we are reviewing the options and will make it possible to. >> thank you, mr. speaker. my right honorable friend will be aware that our colleague is currently walking from olympia in greece to london, journey of some 4000 miles to raise awareness of the olympic truth. with the prime minister ensure that when the united kingdom government tables its resolution for observance of the olympic truce the united nations...